The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(5.9%) | $14,407,800 | | Net Lumpsum Payment | $139,477,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$473,309 |
$4,620,336 |
| 2 |
$8,423,532 |
$3,077,037
$496,988 |
$4,849,507 |
| 3 |
$8,844,602 |
$3,232,833
$521,832 |
$5,089,937 |
| 4 |
$9,286,992 |
$3,396,517
$547,933 |
$5,342,542 |
| 5 |
$9,751,235 |
$3,568,287
$575,323 |
$5,607,625 |
| 6 |
$10,238,930 |
$3,748,734
$604,097 |
$5,886,099 |
| 7 |
$10,750,610 |
$3,938,056
$634,286 |
$6,178,268 |
| 8 |
$11,288,407 |
$4,137,041
$666,016 |
$6,485,350 |
| 9 |
$11,852,854 |
$4,345,886
$699,318 |
$6,807,650 |
| 10 |
$12,445,550 |
$4,565,184
$734,287 |
$7,146,079 |
| 11 |
$13,067,561 |
$4,795,328
$770,986 |
$7,501,247 |
| 12 |
$13,721,019 |
$5,037,107
$809,540 |
$7,874,372 |
| 13 |
$14,406,990 |
$5,290,917
$850,012 |
$8,266,061 |
| 14 |
$15,127,606 |
$5,557,545
$892,529 |
$8,677,532 |
| 15 |
$15,883,933 |
$5,837,386
$937,152 |
$9,109,395 |
| 16 |
$16,678,103 |
$6,131,228
$984,008 |
$9,562,867 |
| 17 |
$17,511,715 |
$6,439,665
$1,033,191 |
$10,038,859 |
| 18 |
$18,387,434 |
$6,763,681
$1,084,859 |
$10,538,894 |
| 19 |
$19,306,859 |
$7,103,868
$1,139,105 |
$11,063,886 |
| 20 |
$20,272,122 |
$7,461,016
$1,196,055 |
$11,615,051 |
| 21 |
$21,285,888 |
$7,836,109
$1,255,867 |
$12,193,912 |
| 22 |
$22,350,289 |
$8,229,937
$1,318,667 |
$12,801,685 |
| 23 |
$23,467,457 |
$8,643,289
$1,384,580 |
$13,439,588 |
| 24 |
$24,641,123 |
$9,077,546
$1,453,826 |
$14,109,751 |
| 25 |
$25,872,886 |
$9,533,298
$1,526,500 |
$14,813,088 |
| 26 |
$27,167,010 |
$10,012,124
$1,602,854 |
$15,552,032 |
| 27 |
$28,525,094 |
$10,514,615
$1,682,981 |
$16,327,498 |
| 28 |
$29,951,402 |
$11,042,349
$1,767,133 |
$17,141,920 |
| 29 |
$31,449,132 |
$11,596,509
$1,855,499 |
$17,997,124 |
| 30 |
$33,021,482 |
$12,178,279
$1,948,267 |
$18,894,936 |
|
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